PNB Scam: Senior executive of Nirav Modi’s firm gets bail from special CBI court

A special CBI court here today granted bail to Vipul Ambani, senior executive of a firm owned by diamantaire Nirav Modi, in the multi-crore Punjab National Bank scam.

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Banks to back staff on loan decisions with legal, financial aid

To adopt plan IBA is puttng together

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India hands over Nirav Modi extradition request to UK authorities

Extradition proceedings will be particularly relevant if Nirav Modi possesses indefinite leave to remain

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LYa6BC

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

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Companies rush for social media insurance

Insurers say companies fear litigation and expenses in the event of incidents such as when a DDI World employee tweeted a hate message against Kashmiris, or when a Kotak Mahindra Bank employee justified the Kathua rape.

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LYa6BC

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LYa6BC

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

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RBI may question Kotak Mahindra Bank's preference share issue

Kotak Mahindra Bank announced that it has decided to issue non-convertible perpetual non cumulative preference shares (PNCPS) to a set of investors to reduce the promoter stake.

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Unsecured loan: NHAI to raise Rs 25k crore from SBI

In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LYa6BC

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Alok Industries: Kotak Mahindra Bank flags huge haircut in resolution plan

Alok Industries owes its lenders Rs 29,614 crore. The Reliance Industries-JM Financial ARC combine had offered Rs 5,050 crore for the company.

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Following RBI directive: Uday Kotak trims stake in KMB to below 20%

Kotak Mahindra Bank says it approved the allocation of 100 crore of perpetual preference shares to eligible investors.

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Bank of Maharashtra net loss up 2.7 times on provisioning

AC Rout, executive director of BoM, said the higher loss was on account of higher provisioning at 71% and lower business on account of re-balancing of the portfolio, which was overweight on corporate loans.

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Corporate governance standards at PSBs much better than ever before, says Goyal

Finance Minister Piyush Goyal today said the government has stopped the "phone-call thing" coming in from Delhi to the banks.

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France’s IDEMIA gets NPCI stamp for RuPay cards

French company IDEMIA, a global leader in augmented identity, said it has become the first company to be given the certification to manufacture and pe

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Minimum balance: Banks penalised customers ₹11,500 cr

In the last four years, 24 State-owned and privately-run banks have collected over ₹11,500 crore from their customers for not maintaining a minimum b

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HDFC Bank raises Rs 15,151 cr from domestic, overseas mkt

The money has been raised through a mix of qualified institutions placement (QIP) in the domestic market and American Depository Receipts (ADRs) in the US market.

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Cashkumar foresees huge potential in online lending for short-term credit

P2P lender aims to expand its operations to 20 cities by next year

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‘Umbrella Organisation’ to revive Urban Co-op Banking

To provide banks opportunities to expand reach

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Include deposit-taking NBFCs in co-origination model: FIDC to RBI

KR SrivatsThe Finance Industry Development Council (FIDC) has pitched for inclusion of deposit-taking NBFCs in the co-origination model proposed by t

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IRDAI to enhance scope ofhealth insurance coverage

Regulator wants to include diseases and procedures that are not being covered now

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Insolvency and Bankruptcy Code: Government ready to make more changes, if necessary, to IBC

The government is ready, if required, to make further changes to the Insolvency and Bankrutpcy Code, a senior official said today.

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Uday Kotak is reducing stake in Kotak Mahindra Bank by 10%; here’s why

Following the issuance of perpetual preference shares on Thursday, the promoter stake of Uday Kotak, MD & CEO of Kotak Mahindra Bank, will be reduced to 30 percent from 20 percent.

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Markets ride bank stocks to bounce back, Sensex soars nearly 400 points

The surge came on back of banking stocks with the Nifty PSU Bank sub-index gaining almost 2 per cent during the day. The met department's forecast that monsoon will recover in August and September also proved to be a positive trigger for the investors.

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India chooses between a falling rupee and a banking cash crunch

Rupee strategy could lead to defacto policy tightening

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ATM Skimming: Read this to save yourself from the new ATM fraud

78 customers of leading public and private sector banks have allegedly lost over Rs 20 lakh.

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India sends extradition request to UK for Nirav Modi

India has asked Britain to extradite billionaire jeweller Nirav Modi, one of the main accused in the $2 billion loan fraud at state-run Punjab Natio

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Axis board looking at HDFC Life MD as CEO

In July, the bank informed the stock exchanges that it has recommended three candidates to the Reserve Bank of India (RBI) — in the order of preference.

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Accident cover soon for cyclists?

As part of the Bone and Joint Day celebration, the Indian Orthopaedic Association is conducting a road awareness programme on Sunday.

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Maintain ‘buy’ on IDFC Bank with TP at Rs 54

IDFC Bank’s (IDFCB) Q1FY19 earnings exceeded estimates on lower credit cost, while revenue was in line. While erstwhile recognised stress pool remains broadly steady, IDFCB expects additional Rs 6 billion provisions on it (taking coverage to 90%).

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Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

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Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

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Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

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Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

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Ongoing enquiry against Chanda Kochhar may lead to more scrutiny, says ICICI Bank

ICICI Bank has said that the ongoing enquiry against its MD and CEO Chanda Kochhar could lead to further scrutiny and additional costs, denting its reputation.

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Bank of England raises rates above crisis lows, signals no rush for next hike

The Bank of England pushed interest rates above their financial crisis lows on Thursday, but signalled it was in no hurry to raise them further as Brexit approaches with no clear outline of Britain's future relationship with the European Union.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2n4ty1j

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Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Two months, two rate hikes: FDs, small savings to become attractive post RBI rate hike

Given the hike in repo rate, if you are looking at locking money in bank deposits for a longer tenure, it makes sense to do it now.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O78AKO

Read more »

Private banks rely more on financial sector for funds

The CASA share shift continues towards private banks with a gain of 220 bps y-o-y led by current accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OCKgSb

Read more »

Ongoing enquiry against Chanda Kochhar may lead to more scrutiny, says ICICI Bank

ICICI Bank has said that the ongoing enquiry against its MD and CEO Chanda Kochhar could lead to further scrutiny and additional costs, denting its reputation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AI9s70

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Bank of England raises rates above crisis lows, signals no rush for next hike

The Bank of England pushed interest rates above their financial crisis lows on Thursday, but signalled it was in no hurry to raise them further as Brexit approaches with no clear outline of Britain's future relationship with the European Union.

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United Bank of India raises red flag over Aadhaar pay round-tripping

PSBs have allegedly lost lakhs due to round-tripping business correspondents of private banks.

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Watch out, defaulters! Banks have detectives on your tail

Sleuths being enlisted in secret ops to trace delinquent debtors

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Rising bad debts: PSBs add 1,186 more to wilful defaulters’ list in 27 months

Default amount rises to ₹1.28 lakh crore as on June 30

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Watch out, defaulters! Banks have detectives on your trail

Sleuths being enlisted in secret ops to trace delinquent debtors

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SBI ties up with Reliance Jio to boost digital customer base

Our BureauState Bank of India, on Thursday, said it is entering into a digital partnership with Reliance Jio Infocomm to increase its digital custome

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Ebix buys Mercury Travels, Leisure Corp for ₹100 crore

To create new travel exchange

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ED attaches 37 properties of Nathella Sampath Jewellery worth ₹328 cr

Our BureauThe Directorate of Enforcement, Chennai Zone, has attached 37 immovable properties worth about ₹328 crore of city-based Nathella Sampath J

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Indiabulls Q1 net profit rises 29% at ₹968 crore

Our BureauIndiabulls Housing Finance (IHFL) reported a 29 per cent year-on-year increase in standalone net profit at ₹968 crore in the first quarter

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Customer data portability to be introduced in insurance sector

Move by IRDAI to ensure continuity of benefits for users

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Soon, fitness bands, IoT devices may decide insurance premium

IRDAI working group submits report; such devices can provide a regular stream of data about the policyholder and lower fraud risk

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HDFC hikes interest rates on home loans 20 basis points

Banks have been on a rate increasing spree after the central bank raised its repo rate in June this year after a gap of four years.

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Geojit Fin Services Q1 net down 22%

Geojit Financial Services today reported a 22 per cent decline in consolidated net profit at ₹ 12.7 crore for the June quarter on higher staff expens

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SBI ties up with Reliance Jio to accelerate digital transactions

Jio and SBI customers will benefit from Jio Prime, a consumer engagement and commerce platform from Reliance, the bank said in a statement.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2Km1PCN

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LIC-IDBI Bank deal: Day after cabinet nod, debt-laden PSU bank says yet to receive government’s approval on merger

The Cabinet on Wednesday had given approval to the government’s decision to reduce its stake in IDBI Bank below 50 percent and LIC raising stake to 51 percent, paving way for LIC to acquire majority stake in the public sector bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AuFSBH

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LIC-IDBI Bank deal: Day after cabinet nod, debt-laden PSU bank says yet to receive government’s approval on merger

The Cabinet on Wednesday had given approval to the government’s decision to reduce its stake in IDBI Bank below 50 percent and LIC raising stake to 51 percent, paving way for LIC to acquire majority stake in the public sector bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AuFSBH

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LIC-IDBI Bank deal: Day after cabinet nod, debt-laden PSU bank says yet to receive government’s approval on merger

The Cabinet on Wednesday had given approval to the government’s decision to reduce its stake in IDBI Bank below 50 percent and LIC raising stake to 51 percent, paving way for LIC to acquire majority stake in the public sector bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AuFSBH

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ICICI Bank chairman Chaturvedi assures of top priority to governance practices

The bank has appointed an independent enquiry committee on the allegations of quid pro quo and conflict of interest against Kochhar with respect to a loan given to Videocon group.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2O6T1TA

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'Centre must reconsider decision to bring down equity holding in IDBI Bank'

AIBEA, AIBOA say reducing stake to below 51% will go against the Articles of Association of the bank

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Warburg Pincus in talks to invest up to $100m in Fusion Microfinance

Warburg will acquire stake in the New Delhi-based mid-sized non-banking financial company (NBFC) from existing investors along with a primary funding into the company.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2n3c2uz

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How this Jharkand village dupes thousands of customers to clean out their bank accounts

The gang came on the police radar after numerous people complained of losing money after talking to bank representatives who offered to renew their cards and, in turn, took confidential bank details.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2OCNKnO

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RBI governor warns of trade wars turning into currency battles

Reserve Bank of India (RBI) governor Urjit Patel on Wednesday warned that ongoing trade wars might escalate into currency wars, leading to more volatility in financial markets.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2n5FHmQ

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Are Indian banks ‘too big to fail’? Here’s what RBI is doing about it

The RBI was asked if there was any engagement from the central bank over the controversy surrounding one of the three 'too big to fail' banks and if there was a bigger issue of governance at private sector banks.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vuvLqP

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Cabinet nod for LIC buying up to 51% stake in debt-laden IDBI Bank

The Cabinet today approved Life Insurance Corp's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank, with Finance Minister Piyush Goyal saying it would be an "excellent deal".

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LVKepN

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LIC gets approval to acquire up to 51% in IDBI Bank

The Cabinet on Wednesday approved the purchase of up to 51% stake in IDBI Bank by Life Insurance Corporation of India (LIC).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KjVJTr

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Federal Reserve leaves rates unchanged

US central bank set for two more hikes in 2018

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What to expect from markets today

Markets on Thursday are likely to turn cautious after the Reserve Bank of India (RBI) hiked the key rates in its policy meet on Wednesday. The RBI raised the benchmark lending rate by 0.25 per cent for the second time in two months.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2AyrqZl

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Why banking crisis is really a power crisis

The latest terrible proposal for dealing with the bad loans weighing down India's state-owned banks, which control more than two-thirds of deposits, is to create a bad bank.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2O4lbhN

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Are Indian banks ‘too big to fail’? Here’s what RBI is doing about it

The RBI was asked if there was any engagement from the central bank over the controversy surrounding one of the three 'too big to fail' banks and if there was a bigger issue of governance at private sector banks.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vuvLqP

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Cabinet nod for LIC buying up to 51% stake in debt-laden IDBI Bank

The Cabinet today approved Life Insurance Corp's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank, with Finance Minister Piyush Goyal saying it would be an "excellent deal".

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LVKepN

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LIC gets approval to acquire up to 51% in IDBI Bank

The Cabinet on Wednesday approved the purchase of up to 51% stake in IDBI Bank by Life Insurance Corporation of India (LIC).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KjVJTr

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Cabinet nod to LIC buying 51% stake in debt-ridden IDBI Bank

The Cabinet on Wednesday approved purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turnaround the loss making government-owned IDBI Bank struggling with accumulated bad loans. IDBI’s gross non-performing assets (NPAs), […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M7Juux

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Cabinet nod to LIC buying 51% stake in debt-ridden IDBI Bank

The Cabinet on Wednesday approved purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turnaround the loss making government-owned IDBI Bank struggling with accumulated bad loans. IDBI’s gross non-performing assets (NPAs), […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M7Juux

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Cabinet nod to LIC buying 51% stake in debt-ridden IDBI Bank

The Cabinet on Wednesday approved purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turnaround the loss making government-owned IDBI Bank struggling with accumulated bad loans. IDBI’s gross non-performing assets (NPAs), […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M7Juux

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Cabinet nod to LIC buying 51% stake in debt-ridden IDBI Bank

The Cabinet on Wednesday approved purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turnaround the loss making government-owned IDBI Bank struggling with accumulated bad loans. IDBI’s gross non-performing assets (NPAs), […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M7Juux

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LIC gets approval to acquire up to 51% in IDBI Bank

The Cabinet on Wednesday approved the purchase of up to 51% stake in IDBI Bank by Life Insurance Corporation of India (LIC).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KjVJTr

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Cabinet nod to LIC buying 51% stake in debt-ridden IDBI Bank

The Cabinet on Wednesday approved purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turnaround the loss making government-owned IDBI Bank struggling with accumulated bad loans. IDBI’s gross non-performing assets (NPAs), […]

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Rate hike shows RBI committed to bring inflation to 4%: Bankers

Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vnmaSo

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RBI refuses to comment on ICICI Bank mess

When asked about ICICI Bank’s systemic importance as a too-big-to-fail bank, he said these are global standards which are being followed in our country as well.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v7M5OH

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Rate hike shows RBI committed to bring inflation to 4%: Bankers

Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vnmaSo

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RBI refuses to comment on ICICI Bank mess

When asked about ICICI Bank’s systemic importance as a too-big-to-fail bank, he said these are global standards which are being followed in our country as well.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v7M5OH

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Rate hike shows RBI committed to bring inflation to 4%: Bankers

Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vnmaSo

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RBI refuses to comment on ICICI Bank mess

When asked about ICICI Bank’s systemic importance as a too-big-to-fail bank, he said these are global standards which are being followed in our country as well.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v7M5OH

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Rate hike shows RBI committed to bring inflation to 4%: Bankers

Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vnmaSo

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RBI refuses to comment on ICICI Bank mess

When asked about ICICI Bank’s systemic importance as a too-big-to-fail bank, he said these are global standards which are being followed in our country as well.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v7M5OH

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Rate hike shows RBI committed to bring inflation to 4%: Bankers

Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vnmaSo

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RBI refuses to comment on ICICI Bank mess

When asked about ICICI Bank’s systemic importance as a too-big-to-fail bank, he said these are global standards which are being followed in our country as well.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v7M5OH

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Banks expect Rs 50,000 crore haircut under AMC/AIF model

Non-performing loans of about Rs 3.6 lakh crore are expected to be resolved under the new model.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2LUXqvb

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Probe against CEO can affect business: ICICI Bank to SEC

Bank discloses details of enquiries in US SEC filing

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Banks’ lending, deposit rates to move higher

While the RBI has retained its neutral stance, risks to inflation leaves open the possibility of further rate hikes in the current fiscal

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Cabinet nod to LIC buying 51% stake in debt-ridden IDBI Bank

The Cabinet on Wednesday approved purchase of a controlling 51 per cent stake in IDBI by the state-run Life Insurance Corp (LIC) which would result in the government becoming a minority shareholder. The nod is a bid to turnaround the loss making government-owned IDBI Bank struggling with accumulated bad loans. IDBI’s gross non-performing assets (NPAs), […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M7Juux

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Rate hike shows RBI committed to bring inflation to 4%: Bankers

Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vnmaSo

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RBI refuses to comment on ICICI Bank mess

When asked about ICICI Bank’s systemic importance as a too-big-to-fail bank, he said these are global standards which are being followed in our country as well.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v7M5OH

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Important alert for HDFC Bank customers who use Mobile Banking App

This is an important alert for you, if you use HDFC Bank Mobile Banking App.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O4fPmR

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PM Modi to inaugurate 650 branches of Post bank soon, says Manoj Sinha

Prime Minister Narendra Modi will soon inaugurate India Post Payments Bank operations with 650 branches across the country, Communications Minister Manoj Sinha said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vsPCX9

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Mauritius-based SBM Bank to open 6 branches

Foreign bank SBM on Tuesday said it would soon operate as a banking subsidiary of SBM Group in India under the name of SBM Bank (India) Ltd. It has

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After Paytm, RBI orders Fino to stop taking on new users for payments bank

The newly conceptualised payment banks in India seems to have hit a rough patch following a notice from the banking regulator to not open any new acc

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LIC takeover may see infusion of ₹13,000 crore in IDBI Bank

SEBI may be approached for exemption from open offer

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Two nationalised banks assure to return money to those cheated in ATM fraud

The banks' officials held a meeting with top officers of Kolkata Police and assured that they would repay their customers who have lost the money in the ATM fraud,

from Banking/Finance-Industry-The Economic Times https://ift.tt/2AtbVSE

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Rate hike shows RBI committed to bring inflation to 4%: Bankers

Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflation to 4 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vnmaSo

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RBI refuses to comment on ICICI Bank mess

When asked about ICICI Bank’s systemic importance as a too-big-to-fail bank, he said these are global standards which are being followed in our country as well.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2v7M5OH

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Important alert for HDFC Bank customers who use Mobile Banking App

This is an important alert for you, if you use HDFC Bank Mobile Banking App.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O4fPmR

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PM Modi to inaugurate 650 branches of Post bank soon, says Manoj Sinha

Prime Minister Narendra Modi will soon inaugurate India Post Payments Bank operations with 650 branches across the country, Communications Minister Manoj Sinha said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2vsPCX9

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Racetrack.ai raises $5m in pre-Series A funding

Our BureauRacetrack.ai, an Artificial Intelligence start-up providing solution for sales and support to businesses, has raised around $5 million in pr

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‘Regulatory framework appears to be coming back’

Experts say too many regulations may kill the sunrise segment

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Campaigners welcome move to restore London’s historic India Club building

Vidya Ram Campaigners who have fought against plans to re-develop the building housing London’s iconic India Club have welcomed a decision by Westmin

from Business Line - Money & Banking https://ift.tt/2OySF96

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‘Rate hike was to maintain 4% retail inflation target: Patel

Our BureauHigh volatility in crude oil prices, turbulence in global financial markets, hardening of inflation expectations, and inputs pressures fac

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RBI hikes repo rate on inflation scare

MPC voted 5-1 to raise repo rate by 25 bps, but persists with ‘neutral’ policy stance

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ICICI Bank gets RBI nod for Sandeep Bakshi's appointment as COO

Earlier on June 18, the bank had informed about the appointment of Bakhshi as Wholetime Director and COO with effective from June 19, 2018.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2LH1j7H

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Rate hike ‘frontloaded’, say top bankers

Our BureauCiting risks to the inflation outlook from volatile and elevated oil prices, impact of increased minimum support price for kharif crops, mo

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IO scheme to be extended to all banks

Our BureauIn order to improve the internal grievance redressal mechanism at banks, the Reserve Bank of India, on Wednesday, said the revised Internal

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To boost priority sector lending, RBI allows banks to co-originate loans with NBFCs

Our BureauIn a bid to give a leg-up to priority sector lending, the Reserve Bank of India, on Wednesday, said all scheduled commercial banks will be

from Business Line - Money & Banking https://ift.tt/2LJyisa

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Real estate revivallikely to be delayed

Developers welcome the move,

from Business Line - Money & Banking https://ift.tt/2vqiYpm

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With interest rate hike mostly factored in, bond markets remain resilient

But rising inflation, concerns over fiscal slippages, and depreciating rupee could lead to hardening of yields

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ICICI Bank warns against increased regulatory scrutiny

ICICI Bank has been in the midst of series of charges against its CEO Kochhar that first began in 2016.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2vu8h4W

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Kotak Bank to raise Rs 500 cr by issuing preference shares

Kotak Mahindra Bank will raise up to Rs 500 crore by issuing preference shares on a private placement basis. The Non-Convertible Preference Shares (

from Business Line - Money & Banking https://ift.tt/2LKRNAr

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Oriental Insurance to ramp up crop insurance portfolio this fiscal, says CMD Girijakumar

--general insurer achieves financial turnaround in 2017-18 to record highest ever net profit of ₹1,510 crore

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Narendra Modi to inaugurate 650 branches of Post bank soon: Manoj Sinha

The India Post Payments Bank (IPPB) will have 1.55 lakh access points, of which 1.30 lakh will be in rural areas, and will work like a bank, he said in the Lok Sabha.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2LYRfGI

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Sensex slips from record after RBI hikes rate; bank, auto stocks drag

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MaMV3I

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RBI hikes repo rate: What happens to your EMIs now

​​While banks are yet to react to the policy, two back-to-back hikes by the RBI may prompt some action given that after the last raise, banks had not passed on the burden to customers.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2M79ciO

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Taking appropriate action to deal with banking mess: RBI on ICICI Bank

Without naming ICICI Bank, RBI deputy governor N Vishwanathan said the regulator cannot reveal the interchange with an individual bank.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2O2quya

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ICICI Bank responds to SEC, SEBI investigations

Bank discloses details of enquiries in US SEC filing

from Business Line - Money & Banking https://ift.tt/2Avm3tW

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Cabinet clears LIC-IDBI deal

The LIC-IDBI deal has been approved, a source said after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2Ax8B94

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RBI monetary policy: Repo rate hiked by 25 bps

The RBI’s Monetary Policy Committee chose to hike its key policy rate, the repo rate, by 25 basis points to 6.5 per cent, in its third bi-monthly meet

from Business Line - Money & Banking https://ift.tt/2LYymnj

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RBI to hike rates for a second straight meeting: Poll

The Reserve Bank of India is likely to raise interest rates on Wednesday while retaining a neutral policy stance as it aims to strike a balance betwee

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RBI policy decision today: Will your EMIs go up?

The central bank, in its June meeting, hiked the repo rate for the first time in four years, by 25 basis points (bps) to 6.25 per cent. The Street is divided in its opinion on whether RBI will opt for a back-to-back rate hike, something that has not happened since October 2013.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O0ldHn

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DBS focus: RBI views on liquidity; sees 25bp hike

Singapore banking group DBS said it would be paying attention to the Reserve Bank of India’s views on liquidity today and see a 25 bp hike in rates.

from Business Line - Money & Banking https://ift.tt/2O1bII6

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What to expect from markets today

Markets are likely to trade cautious on Wednesday ahead of the Reserve Bank of India’s (RBI) policy meet decision. Brokers had said that Investors may turn cautious ahead of the RBI policy outcome and can look to book profits at record levels.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NUK0ws

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WhatsApp pay drops beta tag, adds Axis & HDFC Bank to list

The instant messaging service provider has also removed the sentence that it was testing a “beta product” while offering payment service to a limited set of users in the country.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2vo91sp

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Amendments to Prevention of Corruption Act may provide shield to beleaguered bankers

Bankers take many decisions to sanction loans for business entities under stress that can be construed as obtaining, pecuniary advantage for any other person

from Banking/Finance-Industry-The Economic Times https://ift.tt/2Ovwj8u

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We require national consensus on loan waivers: Karnataka Bank MD Mahabaleshwara

"Without national consensus, expecting a bank to pursue a state-specific policy may not be prudent as banks can't have different policies for different states," Mahabaleshwara said.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2LPKgj7

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What RBI needs to do for transition of urban co-operative banks into small finance banks

Emerging from the shadows of the 2001 Madhavpura bank scam, some co-op banks have gained heft and recaptured public trust. These banks are now ready to hit the next level

from Banking/Finance-Industry-The Economic Times https://ift.tt/2AtnTf3

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After HDFC: Should RBI review the ownership rules for private banks?

The logic of too many directorships is valid, but whether this should apply to Mr Parekh in the case of HDFC, which has been built largely by him, is an entirely different point.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2LG0CeU

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Being on boards of eight other companies went against Deepak Parekh at HDFC vote

Some international proxy advisory firms advise against the appointment or re-appointment of a director who is on more than five public limited companies.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2vm8IhO

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WhatsApp Payments hit office hurdle

MeitY letters were sent to the National Payments Corporation of India (NPCI) with a copy to the banking regulator Reserve Bank of India.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2LR5UmV

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Q1 results: Bank of India net rises 8% on tax writeback, NII boost

Bank’s CEO attributed the rise in profit to higher interest income, recovery from Bhushan Steel and reduction in costs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LErjk0

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Q1 results: Bank of India net rises 8% on tax writeback, NII boost

Bank’s CEO attributed the rise in profit to higher interest income, recovery from Bhushan Steel and reduction in costs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LErjk0

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Q1 results: Bank of India net rises 8% on tax writeback, NII boost

Bank’s CEO attributed the rise in profit to higher interest income, recovery from Bhushan Steel and reduction in costs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LErjk0

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Q1 results: Bank of India net rises 8% on tax writeback, NII boost

Bank’s CEO attributed the rise in profit to higher interest income, recovery from Bhushan Steel and reduction in costs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LErjk0

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Q1 results: Bank of India net rises 8% on tax writeback, NII boost

Bank’s CEO attributed the rise in profit to higher interest income, recovery from Bhushan Steel and reduction in costs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LErjk0

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Banks’ bad loans surge to Rs 9.61 lakh cr by FY18: Government

Indian banks stood on gross bad loans of more than Rs 9.61 lakh crore by the end of 2017-18 while loans to industries formed a major chunk of such non-performing assets, official data showed today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mZMs9A

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‘Registrar of Companies didn’t get complaint from PMO on PNB fraud’

The Registrar of Companies (RoC) has not received any complaint forwarded by the Prime Minister's Office (PMO) regarding the fraud in the state-owned Punjab National Bank (PNB), Parliament was informed today. 

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PSBs earn over Rs 3,300 crore via customer charges in last 4 years: Minister of State for Finance Shiv Pratap Shukla

Public sector banks earned over Rs 3,300 crore by levying services and other charges on customers in the last four years, Minister of State for Finance Shiv Pratap Shukla said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LGgNZx

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Banks’ bad loans surge to Rs 9.61 lakh cr by FY18: Government

Indian banks stood on gross bad loans of more than Rs 9.61 lakh crore by the end of 2017-18 while loans to industries formed a major chunk of such non-performing assets, official data showed today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mZMs9A

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‘Registrar of Companies didn’t get complaint from PMO on PNB fraud’

The Registrar of Companies (RoC) has not received any complaint forwarded by the Prime Minister's Office (PMO) regarding the fraud in the state-owned Punjab National Bank (PNB), Parliament was informed today. 

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KasvGp

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PSBs earn over Rs 3,300 crore via customer charges in last 4 years: Minister of State for Finance Shiv Pratap Shukla

Public sector banks earned over Rs 3,300 crore by levying services and other charges on customers in the last four years, Minister of State for Finance Shiv Pratap Shukla said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LGgNZx

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Public sector banks earn over Rs 3,300 crore via customer charges in last 4 years: Minister

As per the RBI directive, banks are permitted to fix service charges on various services rendered by them, as per their board approved policy.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2M2RpJL

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State Bank of Mauritius readies for India play with local unit

SBM Bank India plans to open six new branches to add to its four branches in India and start operations later this year.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2OtpK6e

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BoI to shift 7-8 accounts to proposed AMC for resolution

Our BureauBank of India has identified seven-eight accounts, with an exposure aggregating ₹2,000-3,000 crore, to be shifted to the proposed asset man

from Business Line - Money & Banking https://ift.tt/2v3xp3i

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Five Star attracts $100 million in equity from TPG-led investors

The company manages about ₹1,220 crore in assets across more than 150 branches

from Business Line - Money & Banking https://ift.tt/2KcZXvZ

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Banks may see a revival in two years, says S&P

But the govt recap of ₹2.1-lakh cr may not be sufficient to revive the sector

from Business Line - Money & Banking https://ift.tt/2vp9Jpp

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Bank of India net rises to ₹95 cr

Lender reports turnaround on pick-up in net interest income, tax write-back

from Business Line - Money & Banking https://ift.tt/2LI5Ir9

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Despite loss in Q1, ICICI Bank ‘positive’ about full-year outlook

Provisions for bad loans likely to remain high in the current fiscal

from Business Line - Money & Banking https://ift.tt/2vp9E55

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YES Bank to mentor cleantech start-ups

YES Bank, one of India’s largest private sector lenders, is in the process of selecting 3-10 green energy start-ups that it will mentor and scale up

from Business Line - Money & Banking https://ift.tt/2v6zifo

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S&P upbeat on India’s NPA-laden banking system, expects it to strengthen over 2 years

India's weak banking system will strengthen over a couple of years as stressed loans are cleared and capital base expanded by government's fund infusion in state-owned lenders, S&P Global Ratings said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LLLThI

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Balance sheets of external sector, banks need greater focus of government: Report

According to Dun & Bradstreet, in order to sustain growth momentum, the government needs to improve the balance sheet of the country's external sector as well as banks.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2mZVmEd

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S&P upbeat on India’s NPA-laden banking system, expects it to strengthen over 2 years

India's weak banking system will strengthen over a couple of years as stressed loans are cleared and capital base expanded by government's fund infusion in state-owned lenders, S&P Global Ratings said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LLLThI

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S&P upbeat on India’s NPA-laden banking system, expects it to strengthen over 2 years

India's weak banking system will strengthen over a couple of years as stressed loans are cleared and capital base expanded by government's fund infusion in state-owned lenders, S&P Global Ratings said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LLLThI

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IIFL Asset Management appoints Anup Maheshwari as joint CEO

Maheshwari has over 24 years of investment experience and is an alumnus of IIM Lucknow.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2AqpC4v

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S&P upbeat on India’s NPA-laden banking system, expects it to strengthen over 2 years

India's weak banking system will strengthen over a couple of years as stressed loans are cleared and capital base expanded by government's fund infusion in state-owned lenders, S&P Global Ratings said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LLLThI

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India's weak banking system to strengthen over 2 years: S&P

In its report titled 'The Worst Is Almost Over For India's Banks', S&P said the ratings on the banks are "more likely to be raised than lowered" in the next 2 years.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2OtPpM9

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Provision against bad loans to remain elevated in FY'19: ICICI Bank

In the fourth quarter of 2017-18, the bank's provisions sharply jumped to Rs 6,626 crore compared to Rs 2,898 crore in the corresponding quarter 2016-17.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2NSPqbi

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Provision against bad loans to remain elevated in FY’19: ICICI Bank

ICICI Bank has said provisions against bad loans are expected to remain at elevated levels in the current financial year as the lender would have to

from Business Line - Money & Banking https://ift.tt/2Oxu2Kb

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BoI net profit up 8% at Rs 95 cr

Bank of India has reported a 8 per cent year-on-year increase in net profit at Rs 95 crore in the first quarter of this fiscal against Rs 88 crore in

from Business Line - Money & Banking https://ift.tt/2LOdHlM

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Insurance companies to repay with interest for failing to clear claims of farmers

The farmers will get full insurance cover as there is no capping of the sum insured and consequently the claim amount is not curtailed or reduced.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2M5odSn

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S&P says banks may see a turnaround from 2019-20

Govt recap plan may not be sufficient

from Business Line - Money & Banking https://ift.tt/2AoUceR

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Bank of Japan keeps interest rates unchanged

To take steps to make policy flexible

from Business Line - Money & Banking https://ift.tt/2mZyODC

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Bank unions reject IBA's enhanced wage hike offer

The United Forum of Bank Unions has rejected the Indian Banks' Association's increased offer of 6 per cent hike in wage bill.Though the offer was uppe

from Business Line - Money & Banking https://ift.tt/2AqZhTZ

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SBI raises term deposit rates

State Bank of India has revised interest rates on domestic term deposits (below Rs 1 crore) by 5-10 basis points in four maturity slabs of one year an

from Business Line - Money & Banking https://ift.tt/2v0qGaq

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HDFC to raise ₹45,000 crore through NCDs and ECBs

Funds to be usedto meet business requirements

from Business Line - Money & Banking https://ift.tt/2Kb8SOx

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Bank of Baroda chief's parting advice to government: Stay out

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LI1i3C

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Asset quality review: RBI auditing banks’ books for weak accounts

The Reserve Bank of India (RBI) has, for more than three weeks, been checking for stressed assets on banks’ books to ensure no “weak” account goes unnoticed in the current round of resolutions, bankers told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AsaOma

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SBI raises FD interest rates for some tenures by 10 bps

State Bank of India (SBI) on Monday raised interest rates on retail fixed deposits (FDs) of some maturities by 5-10 basis points (bps).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mZyTqQ

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New India Assurance Q1 net rises 27% to Rs 635 cr

The state-owned non life insurer had registered a net profit of Rs 499 crore in the April-June period of last financial year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Aro7mP

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Former Religare CEO's NBFC raises Rs 1,000 crore from UHNIs

“The fund raising will create a great capital base. Some of the large globally recognised high-quality family institutions have backed us,” Nath said.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2OwCHwb

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Stay out: State Bank chief's parting advice to India government

Tight government control makes it hard to attract talent or take the tough decisions needed to address the bad debts weighing down the banks, according to Ravi Venkatesan.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2KaUYvM

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RBI interest rate setting panel starts 3-day meet

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started three-day deliberations here today to decide on the key interest rate amid elevated oil prices and inflation hovering around 5 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mSHmvJ

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RBI interest rate setting panel starts 3-day meet

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started three-day deliberations here today to decide on the key interest rate amid elevated oil prices and inflation hovering around 5 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mSHmvJ

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Salary hike rejected! After opposing minuscule 2% hike, bank unions now reject IBA’s this revised offer

In the May 5 round of negotiations, the IBA had offered a meagre 2 per cent wage hike. Banks unions did not accept the offer and went on a two-day strike starting May 30.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NXc4Q6

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Axis Bank Q1 results: Profit slips 46% as bad loans take toll

Private lender Axis Bank today reported a 46 per cent decline in net profit to Rs 701.09 crore for the April-June quarter on account of increase in bad loans.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LK5uid

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RBI interest rate setting panel starts 3-day meet

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started three-day deliberations here today to decide on the key interest rate amid elevated oil prices and inflation hovering around 5 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mSHmvJ

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Salary hike rejected! After opposing minuscule 2% hike, bank unions now reject IBA’s this revised offer

In the May 5 round of negotiations, the IBA had offered a meagre 2 per cent wage hike. Banks unions did not accept the offer and went on a two-day strike starting May 30.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NXc4Q6

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Axis Bank Q1 results: Profit slips 46% as bad loans take toll

Private lender Axis Bank today reported a 46 per cent decline in net profit to Rs 701.09 crore for the April-June quarter on account of increase in bad loans.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LK5uid

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Half of bank deposits contributed by individuals: RBI data

Total deposits in banks increased from Rs 1,09.43 lakh crore at end-March 2017 to Rs 117 lakh crore in March 2018.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2vk9uM2

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Canara Bank MSME loans

Public sector Canara Bank on Monday distributed MSME loans to the tune of ₹403 crore under Mudra, Stand -up India and also some schemes of the bank a

from Business Line - Money & Banking https://ift.tt/2Amnqez

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Rupee continues to consolidate

The Indian rupee has retained its 68.25-69.10 sideways range. The currency has been stuck in this range over the last month.Within this range, the rup

from Business Line - Money & Banking https://ift.tt/2Ou4opt

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Kerala Fin Corp scouts for ‘bankable’ projects

Kerala Financial Corporation (KFC), a leading financial corporation, plans to go to Kochi with a second special loan campaign for the benefit of its m

from Business Line - Money & Banking https://ift.tt/2App9zB

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New ‘broom effect’ catches private banks, too, in its sweep

Through most of the last two decades, there was one near-certainty whenever public sector banks declared their results. It was this. If there was a ne

from Business Line - Money & Banking https://ift.tt/2mVasee

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Central Bank of India loss widens to ₹1,522 cr

A sharp jump in loan-loss provisions and lower ‘other income’ widened Central Bank of India’s net loss to ₹1,522 crore in the first quarter ended June

from Business Line - Money & Banking https://ift.tt/2ApowWL

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New India Assurance net rises 27%

State-run New India Assurance, on Monday, reported a 27.18 per cent increase in its net profit at ₹635.19 crore in the first quarter of the fiscal.Its

from Business Line - Money & Banking https://ift.tt/2OutPHC

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RBI interest rate setting panel starts 3-day meet

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started three-day deliberations here today to decide on the key interest rate amid elevated oil prices and inflation hovering around 5 per cent.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2mSHmvJ

Read more »

Salary hike rejected! After opposing minuscule 2% hike, bank unions now reject IBA’s this revised offer

In the May 5 round of negotiations, the IBA had offered a meagre 2 per cent wage hike. Banks unions did not accept the offer and went on a two-day strike starting May 30.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NXc4Q6

Read more »

Axis Bank Q1 results: Profit slips 46% as bad loans take toll

Private lender Axis Bank today reported a 46 per cent decline in net profit to Rs 701.09 crore for the April-June quarter on account of increase in bad loans.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LK5uid

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IDFC Bank profit dips 58% in Q1

Our BureauIDFC Bank, on Monday, reported a 58.5 per cent drop in first quarter profit at ₹181.54 crore. The private sector lender’s net profit amoun

from Business Line - Money & Banking https://ift.tt/2OtQCDh

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One-off recovery, fall in slippages help

Radhika MerwinEver since the bad loan issue blew up about three years ago, ICICI Bank and Axis Bank – with relatively higher exposure to stressed sec

from Business Line - Money & Banking https://ift.tt/2M3hvMH

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Axis Bank back in black with ₹701-crore profit

Our BureauPrivate sector lender Axis Bank has made a net profit of ₹701 crore in the quarter ended June 30, 2018, recovering from its first-ever loss

from Business Line - Money & Banking https://ift.tt/2LDOvPG

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HDFC profit up 54% on lower provisions

Housing finance company also sees rise in net interest and dividend incomes

from Business Line - Money & Banking https://ift.tt/2M2p5au

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Salary hike rejected! After opposing minuscule 2% hike, bank unions now reject IBA’s this revised offer

In the May 5 round of negotiations, the IBA had offered a meagre 2 per cent wage hike. Banks unions did not accept the offer and went on a two-day strike starting May 30.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NXc4Q6

Read more »

Axis Bank Q1 results: Profit slips 46% as bad loans take toll

Private lender Axis Bank today reported a 46 per cent decline in net profit to Rs 701.09 crore for the April-June quarter on account of increase in bad loans.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LK5uid

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IBA offers 6% wage hike to bank staff; unions reject proposal

Bank unions are demanding a 25 percent hike and the IBA has agreed to have fresh discussions on the issue by the end of August.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2OuXYXk

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Axis Bank net profit falls 46% in Q1

The bank's net profit for the period ended June 30 fell to Rs 701 crore ($102.14 million) from Rs 1,306 crore a year ago, it said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2K7xIP7

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IDFC Bank net down 58% in Q1

Private lender IDFC Bank today reported more than 58 per cent plunge in net profit to ₹ 181.55 crore for the first quarter of 2018-19 fiscal compared

from Business Line - Money & Banking https://ift.tt/2uZF4zm

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Central Bank of India net loss widens to ₹ 1,522 cr in Q1

State-owned Central Bank of India’s net loss widened by 74 per cent to ₹ 1,522.54 crore in the quarter ended June 30, 2018 due to a more than two-fol

from Business Line - Money & Banking https://ift.tt/2vjfGEj

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HDFC begins the year on a sound footing

Focus on affordable housing, steady margins and stable asset quality are positives

from Business Line - Money & Banking https://ift.tt/2M1Jbl6

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HDFC board approves Rs 35,000-cr NCD issue

HDFC’s board on Monday granted its approval to a huge borrowing programme, entailing the issue of secured redeemable non-convertible debentures (NCD)

from Business Line - Money & Banking https://ift.tt/2LLOI2s

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HSBC appoints Surendra Rosha as India CEO

The Hongkong and Shanghai Banking Corporation today announced the appointment of Surendra Rosha as Chief Executive Officer for HSBC India, subject to regulatory approvals.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AnjOc0

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HDFC Q1 net profit jumps 54% to Rs 2,190 cr

HDFC Ltd today reported a 54 per cent jump in standalone net profit to Rs 2,190 crore for the first quarter ended June 2018-19. The mortgage lender h

from Business Line - Money & Banking https://ift.tt/2M2ZAFQ

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HSBC appoints Surendra Rosha as India CEO

The Hongkong and Shanghai Banking Corporation today announced the appointment of Surendra Rosha as Chief Executive Officer for HSBC India, subject to regulatory approvals.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AnjOc0

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HSBC appoints Surendra Rosha as India CEO

The Hongkong and Shanghai Banking Corporation today announced the appointment of Surendra Rosha as Chief Executive Officer for HSBC India, subject to regulatory approvals.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AnjOc0

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New India Assurance reports 27% rise in Q1 net profit

State run New India Assurance on Monday reported a 27.18 per cent increase in its net profit to Rs 635.19 crore in the first quarter of the fiscal.Its

from Business Line - Money & Banking https://ift.tt/2LMfsQ5

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India asks Antigua to detain Choksi following reports of his presence on island

India has requested authorities in Antigua and Barbuda to detain PNB scam fugitive, Mehul Choksi, after it received information about his presence i

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HSBC India appoints Surendra Rosha as CEO

Rosha, currently HSBC's Head of Financial Institutions Group (FIG) for Asia-Pacific, will succeed Jayant Rikhye, who is taking a leave for medical reasons.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2uXmWq8

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Surendra Rosha named HSBC India CEO

Jayant Rikhye taking a leave of absence for medical reasons

from Business Line - Money & Banking https://ift.tt/2NXe5fc

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Insurers do a check of office canteens to reduce health-related claims

Health insurance sector, growing at over 20% every year, is seeing a rise in claims for workplace health issues

from Banking/Finance-Industry-The Economic Times https://ift.tt/2AlxRyW

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